November 14, 2022 18:21 GMT
Corporate Credit Update
Investment-grade corporate credit risk receded Monday, near midday lows with stocks parting early losses, extending highs at the moment.
- Investment grade risk measured by Markit's CDXIG5 index is currently -1.204 at 81.943; CDXHY5 high yield index 100.619 (+0.087).
- Outperforming credit sectors (tighter or least wide): Subordinated Financials (-6.2), Consumer Discretionary (-5.1), Communications (-4.8)
- Lagging sectors (wider or least narrow): Utilities (-1.5), Industrials (-1.8) and Energy (-2.4).